Potential Pitfalls in PPP Policy Application: Lessons Learned from National Highway Development Programmes in India

Shunso Tsukada

Journal of Infrastructure Development, 2013, vol. 5, issue 1, 87-102

Abstract: Successfully implementing public–private partnerships (PPP) depend on the establishment of effective policy and institutional frameworks. While such factors play a significant role, practitioners often face obstacles posed by other less visible, and often indefinable, factors. The purpose of this article is to identify such X factors which had delayed the delivery of the National Highway Development Programmes in India, where well-defined policy and institutional frameworks are in place. This article finds that the entangled nature of inter-agency relationships and the resultant faulty selection of PPP policy options were the root causes of delay, which then invited a chain reaction that slowed down the entire process.

Keywords: Highway development; BOT; PPP; project finance; India; political process analysis (search for similar items in EconPapers)
JEL-codes: R4 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jouinf:v:5:y:2013:i:1:p:87-102

DOI: 10.1177/0974930613488298

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